Scipediacontent: Scipediacontent moved page Draft Content 954133365 to Huq 2010a

2020-10-14T10:53:03Z

Scipediacontent moved page Draft Content 954133365 to Huq 2010a

Scipediacontent: Created page with " == Abstract == In recent years, bilateral aid channeled through multilateral organizations like the World Bank has become an important vehicle for concessional finance for d..."

2020-10-14T10:53:01Z

Created page with " == Abstract == In recent years, bilateral aid channeled through multilateral organizations like the World Bank has become an important vehicle for concessional finance for d..."

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== Abstract ==

In recent years, bilateral aid channeled through multilateral organizations like the World Bank has become an important vehicle for concessional finance for development. At the end of FY09, the World Bank held US$23.9 billion in trust, an amount that has doubled since FY05. While much of the growth reflects the increase in large Financial Intermediary Funds (FIFs), there has also been a rapid increase in Recipient Executed Trust Funds (RETFs). This paper aims to inform internal Bank audiences and stimulate discussion on some selected issues - primarily the growing importance of RETFs as a source of finance and relevance to Bank's country level operations. The report also examines briefly the link between RETF allocations and country performance. The report finds that disbursements of RETFs grew by twenty percent over FY03-FY09. Over this period the trends in regional disbursement shares shifted away from East Asia and Pacific and South Asia Regions to Africa Region. Recipient country concentration is evident: fifty percent of the disbursements have been from six countries - Afghanistan, West Bank and Gaza, Ethiopia, Vietnam, Indonesia and China. RETF disbursements, as a share of the combined International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), and RETF, grew from five percent in FY03 to twelve percent in FY08, while that of IBRD and IDA fluctuated. The bulk of the disbursements from RETF grants were from IDA eligible countries. RETFs appear to have substituted for IDA in fragile and conflict affected states. Disbursements from RETF grants and IDA credits were broadly aligned by sector. There may be some correlation between RETF grants allocation and country performance but the results are not conclusive. The report identifies some areas for further examination: whether RETFs should complement or substitute for Bank operations in specific cases; and whether RETF allocations should be made on the basis of some need or performance based country priorities, outcomes and results.

Document type: Book

== Full document ==
<pdf>Media:Draft_Content_954133365-beopen231-8480-document.pdf</pdf>

== Original document ==

The different versions of the original document can be found in:

* [http://dx.doi.org/10.1596/27578 http://dx.doi.org/10.1596/27578]

* [http://hdl.handle.net/10986/27578 http://hdl.handle.net/10986/27578] under the license http://creativecommons.org/licenses/by/3.0/igo

* [https://openknowledge.worldbank.org/bitstream/10986/27578/1/589510NWP0CFP110Box353825B01PUBLIC1.pdf https://openknowledge.worldbank.org/bitstream/10986/27578/1/589510NWP0CFP110Box353825B01PUBLIC1.pdf] under the license cc-by

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Huq 2010a - Revision history

Scipediacontent: Scipediacontent moved page Draft Content 954133365 to Huq 2010a

Scipediacontent: Created page with " == Abstract == In recent years, bilateral aid channeled through multilateral organizations like the World Bank has become an important vehicle for concessional finance for d..."